Tag Archives: Estonia

Entain weighs up $1bn buyout of OEG to gain total Baltic dominance 

SBC News Entain weighs up $1bn buyout of OEG to gain total Baltic dominance 

Speculation mounts on the next M&A move of Entain Plc following weekend reports that the FTSE100 gambling group is preparing a $1 billion (€890m) takeover of Olympic Entertainment Group (OEG).  Entain’s new target was disclosed by Bloomberg, citing “sources who wish not to be identified, as the information is private”. Yet, neither Entain nor OEG have issued statements acknowledging any …

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FDJ Gaming Solutions wins tender to revamp Eesti Loto games suite

SBC News FDJ Gaming Solutions wins tender to revamp Eesti Loto games suite

FDJ Gaming Solutions, the B2B lottery subsidiary of Groupe FDJ, has won the exclusive rights to upgrade the digital games portfolio of Eesti Loto – Estonia’s national lottery operator. The agreed contract will see FDJ Gaming Solutions supply Eesti Loto with its new digital games suite powered by FDJ’s Interactive Factory platform. Eesti Loto confirmed that FDJ’s interactive factory had …

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OEG revises Lithuania profile to counter ‘aggressive taxes’

SBC News OEG revises Lithuania profile to counter 'aggressive taxes'

The governance of Olympic Entertainment Group (OEG), Eastern Europe’s largest omni-channel gambling operator, has confirmed that it will reduce its active Lithuanian portfolio by closing down nine betting shops and two casino arcades. The decision follows on from the OEG performance review of its ‘Baltija’ (Baltic) subsidiary, in which governance underlined that inbound tax hikes on Lithuanian retail verticals had …

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New journey begins for Olympic Entertainment as Odyssey completes takeover

SBC News New journey begins for Olympic Entertainment as Odyssey completes takeover

Legacy Eastern European gambling operator, Olympic Entertainment Group (OEG) begins a new chapter as a private enterprise. Last Friday, OEG governance completed the firm’s delisting from the Tallinn Nasdaq Exchange, as private equity firm Odyssey Europe completed its €290 million outright takeover of OEG, a transaction first announced on 19 March 2018. Prior to the company hosting its ‘extraordinary general …

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Global Gaming gains Estonian Vision with EMTA licence

SBC News Global Gaming gains Estonian Vision with EMTA licence

Stockholm-listed Global Gaming has confirmed that it has secured an Estonian Tax and Customs Board – EMTA Licence, allowing the firm to participate in the nation’s regulated online gambling marketplace. The firm’s Estonian application has been granted through its corporate subsidiary Safe Ent Ltd, allowing Global Gaming to operate and promote its flagship Ninja Casino brand within Estonia. Further to …

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Olympic Entertainment majority shareholders accept Novalpina’s €288 million buyout offer

SBC News Olympic Entertainment majority shareholders accept Novalpina's €288 million buyout offer

Luxembourg-based private equity firm Novalpina Capital has put forward a bid to acquire Tallinn (Estonia) listed gambling firm Olympic Entertainment Group (OEG) outright. Issuing a market update, Novalpina details that it has placed a €1.90 per share offer for OEG’s enterprise through its investment vehicle Odyssey Europe AS. Offering a 3.3% premium on OEG’s ‘average exchange price’ for the past six …

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Olympic Entertainment books major Neon upgrade with Playtech IGS

SBC News Olympic Entertainment books major Neon upgrade with Playtech IGS

FTSE-listed gambling technology supplier Playtech Plc has confirmed that it has expanded its lead systems supplier partnership with Olympic Entertainment Group (OEG), Eastern Europe’s largest gambling operator. Securing a long-term partnership, OEG governance has selected Playtech’s Neon casino management system to deliver on ‘connecting more than 100 casinos in five countries, covering approximately 3,500 electronic gaming machines combined with 150 …

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R&D drives Coingaming’s rebrand & redevelopment of Sportsbet.io

SBC News R&D drives Coingaming’s rebrand & redevelopment of Sportsbet.io

Cryptocurrency online gambling operator Coingaming Group has detailed the recent rebrand and full website redevelopment of its Sportsbet.io asset, seeking to lead the sports betting market in new customer UI/UX engagement dynamics. Publishing a case study on Medium.com, key project stakeholder Pavel Zubarev Head of Design for Coingaming Group, detailed that the redevelopment project had been initially launched in 2016, as …

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Velo Partners invests in Foxium ‘full-service’ games studio

SBC News Velo Partners invests in Foxium 'full-service' games studio

Industry venture capital firm Velo Partners has confirmed that it has invested in new ‘full-service’ games development studio Foxium. The investment will see the Foxium management team join the RNG Foundry, an industry-specific accelerator launched by Velo Partners seeking to bring innovation and new operational disciplines to market. Ashley Sandyford-Sykes, Programme Director at RNG Foundry: “Foxium has all the ingredients …

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Coingaming bolsters operations with senior appointment hires

SBC News Coingaming bolsters operations with senior appointment hires

The Coingaming Group, which operates popular bitcoin-led betting brands including Bitcasino.io and Sportsbet.io, has made a series of senior appointments to bolster its marketing and sportsbook teams. Olga Kikas and Ralph Clark have been appointed as Head of Marketing and Head of Business Intelligence respectively across the wider Coingaming Group. Under the Sportsbet.io brand, Dominic Hardcastle has been hired as …

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